GROOVE WITH ME INC

EIN: 133919147 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,291,992
Total Expenses
$695,225
Total Assets
$6,558,932
Net Assets
$3,766,404
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
ABIGAIL MCCREATH
Phone
2129875910
Tax Period
2023-01-01 to 2023-12-31

GROOVE WITH ME INC, founded in 1996, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $597K, a strong 46% operating margin.

Mission

GROOVE WITH ME, INC. IS A YOUTH DEVELOPMENT ORGANIZATION USING FREE DANCE CLASSES AND PERFORMANCE OPPORTUNITIES AS A TOOL TO INSTILL IN YOUNG WOMEN THE LEADERSHIP, PRIDE, SPIRIT OF COOPERATION, CREATIVITY, JOY AND DISCIPLINE NEEDED TO CONFRONT THE ADVERSITY IN THEIR DAILY LIVES AND THROUGHOUT THEIR FUTURE DEVELOPMENT. THE PROGRAM SEEKS TO DECREASE TEEN PREGNANCY, TRUANCY, CRIME, VIOLENCE, PROSTITUTION, SUBSTANCE ABUSE AND GANG RELATED ACTIVITY BY NURTURING YOUTH, BUILDING SELF-CONFIDENCE, OFFERING POSITIVE CHOICES, AND PROVIDING A SAFE PLACE TO GO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,226,983
Program Service Revenue $0
Investment Income $54,868
Other Revenue $10,141
TOTAL REVENUE $1,291,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,456
Fundraising Expenses $82,669
Program Expenses $589,543
Other Expenses $328,769
TOTAL EXPENSES $695,225

Year-over-Year Comparison

2023 2022 Change
Revenue $1,291,992 $849,689 +0.5%
Expenses $695,225 $498,485 +0.4%
Net Income $596,767 $351,204 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$125,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA MARCHESE CHAIR 2.00
Officer Director
$0 $0 $0
KATHARINE ELEANOR GILL VICE CHAIR 2.00
Officer Director
$0 $0 $0
NSAKI OKAFOR WILKEN SECRETARY 2.00
Officer Director
$0 $0 $0
GRACE SINGLETON BOARD MEMBER 1.00
Director
$0 $0 $0
MARGUERITE D'ALOIA BOARD MEMBER 1.00
Director
$0 $0 $0
ALLAN FORSYTH BOARD MEMBER 1.00
Director
$0 $0 $0
SYLVIE HENRY TREASURER 2.00
Officer Director
$0 $0 $0
RACHEL LURIE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNY THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE WOLINSKY BOARD MEMBER 1.00
Director
$0 $0 $0
ABIGAIL MCCREATH FOUNDER & EXECUTIVE DIRECT 40.00
Officer
$125,000 $0 $125,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,291,992 $695,225 $6,558,932 $596,767
2022 $849,689 $498,485 $3,153,358 $351,204
2021 $889,894 $375,794 $2,912,144 $514,100
2020 $672,962 $444,921 $2,346,231 $228,041
2019 $690,508 $452,233 $2,080,731 $238,275
2018 $705,547 $502,906 $1,759,383 $202,641
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